Reported about 8 hours ago
Reckitt, the producer of Dettol and Strepsils, reported a decline in fourth-quarter net sales against expectations due to a late flu season impacting over-the-counter medicine demand. The company anticipates a full-year sales growth of 2% to 4%, primarily driven by emerging markets like India and China. While its hygiene sector performed well, overall sales growth was below analyst projections, resulting in a 2.6% drop in share prices.
Source: YAHOO